Scottish Financial Review

Grangemouth refinery operator Ineos said on Monday it will invest $2 billion to build three plants that would form part of petrochemical complex being developed…

Greencoat UK Wind plc (UKW), the listed renewable infrastructure fund invested in operating wind farms, said it has raised £375 million via its share issuance…

The latest annual Football Distress Report by corporate insolvency specialist Begbies Traynor has found that none of Scotland’s league football clubs are showing serious signals…

The Scottish Government “will need to manage volatility” in its budget as the devolution of tax and spending powers becomes fully operational, according to the…

UPDATE 4 — Shares of Aberdeen-based international bus and rail giant FirstGroup rose on Thursday after it said it will sell its Dallas-based Greyhound bus business…

Buccleuch — one of Scotland’s biggest private landowners — said on Thursday it intends to sell a substantial landholding in the Scottish Borders, including Langholm Moor….

Aberdeen-based oil and gas operator Ithaca Energy, owned by Israel’s Delek Group, said on Thursday it will acquire Chevron North Sea Limited (CNSL) for $2 billion….

The number of overseas workers in Scotland has fallen for the first time in five years, statistics from the Annual Population Survey 2018 have revealed….

The 30th Oil and Gas survey has revealed that around 45% of North Sea oil and gas contractors have increased investment spend in the UK…

The Scottish Government has published legislation for the framework to hold another independence referendum, including the provision to set the date, question and timeframe. Scotland’s…

Dundee-based Alliance Trust plc, the £3 bilion global investment trust (closed end fund), announced on Tuesday it appointment of Hermes Equity Ownership Services (HEOS) to…

A public consultation has started on a draft corporate plan for new Scottish Government agency Forestry and Land Scotland (FLS). Rural Economy Secretary Fergus Ewing…

Celtic plc said on Tuesday it has become the first Scottish football club to be ranked amongst the most prominent European teams in an annual…

East Kilbride-based Goals Soccer Centres plc said on Tuesday it appointed forensic accountants alongside its auditors “to investigate and report on historic accounting policies and practices…

UPDATE 2 — Souter Investments, the family investment office of Stagecoach Group founder Brian Souter, announced that its Falkirk-based global bus manufacturer Alexander Dennis (ADL) has…

UPDATE 1 — Perth-based bus and rail giant Stagecoach Group plc said on Friday it is taking legal action against the UK’S Department for Transport…

Edinburgh-based John Menzies plc, the global airport services firm, said on Thursday it appointed private equity fund manager Christian Kappelhoff-Wulff to its board and formed two…

Aberdeen Standard Investments said it exchanged contracts to sell the central Edinburgh development that includes parent firm Standard Life Aberdeen’s HQ to German pension fund…

The General Assembly of the Church of Scotland has rejected calls to divest from oil and gas companies but said it recognised “that the world…

Aberdeenshire-based craft brewing firm BrewDog has been named the UK’s fastest growing brand — up 89% since last year to a value of £1.2 billion —…

TSB’s new CEO Debbie Crosbie has rung the changes with the appointment of two new senior executives as the bank steps up its turnaround programme…

The Scotch Whisky industry expects to see “significant growth” in exports to India, China and Brazil in the coming years to augment established growing markets…

Perth-based energy giant SSE plc said on Wednesday it has created a new, separate, board for its household supply business SSE Energy Services ahead of…

Perth-based energy giant SSE said on Wednesday its reported profit before tax for the year to March 31, 2019, rose 59% to 1.37 billion, boosted…

Scottish fintech lending platform LendingCrowd said on Tuesday it brought together the Scottish Investment Bank (SIB) – the investment arm of Scottish Enterprise – and…

Glasgow-based media firm STV Group plc said Lindsay Dixon joined STV as chief financial officer on Tuesday. Dixon previously worked at Johnston Press, Deloitte, Weir Group…

Edinburgh-based Tesco Bank announced on Tuesday it has ceased new mortgage lending and is “actively exploring options” to sell its existing mortgage portfolio which currently…

The Scottish Environment Protection Agency (SEPA) said on Monday it will “fully investigate suggestions of alleged industry wrongdoing” by BBC programme Panorama about Scotland’s salmon…

Around 50% of traffic has moved away from Aberdeen city onto the new Aberdeen Western Peripheral Route since it fully opened in February, the Scottish…

Perth-based transport giant Stagecoach Group announced on Monday planned new vehicle orders worth more than £80 million to help tackle the twin challenges of car…

Lloyds Banking Group has unveiled plans to create a new tech hub at its Scottish Widows HQ in Edinburgh to “help transform the digital experience…

Edinburgh-based international oil and gas exploration and production company Cairn Energy said on Friday at its AGM that it will target more than 800 million…

Edinburgh-based John Menzies plc, the global airport services firm, said on Friday the process to appoint a new chief executive officer of the firm “is progressing…

The chair of Baillie Gifford’s flagship £8 billion fund, the Scottish Mortgage Investment Trust plc, has warned shareholders they should not rely too much on…

The European Commission said on Thursday it fined Royal Bank of Scotland (RBS), Barclays, Citigroup, JPMorgan and MUFG €1.07 billion for participating in a foreign…

Peel Ports has revealed the plans for its major port and industrial centre at Hunterston on the Firth of Clyde, one of Scotland’s most important…

The board of Scottish Financial Enterprise (SFE), the representative body for the financial services industry in Scotland, has selected Philip Grant of Lloyds Banking Group…

Shares of Clydesdale and Yorkshire Bank owner CYBG rose about 5% on Wednesday after it delivered “resilient” results for the six months ended March 31,…

About 42% of shareholders of Standard Life Aberdeen (SLA) on Tuesday voted in protest against the pay package of the Edinburgh investment giant’s new chief…

Scotland’s unemployment rate has fallen to a record low of 3.2%, while the rate for the UK as a whole stands at 3.8%. Commenting on…

The Scottish Salmon Producers Organisation (SSPO) said figures released by Her Majesty’s Revenue and Customs (HMRC) show that Scotland’s salmon producers achieved a significant boost in…

Shares of Glasgow-based packaging firm Macfarlane Group rose about 6% on Tuesday amid a positive AGM statement. At the AGM in Glasgow, Macfarlane chairman Stuart Paterson…

Edinburgh-based investment giant Standard Life Aberdeen plc said on Tuesday its assets under management and administration rose 3% to £568.9 billion as at March 31, 2019…

The latest Royal Bank of Scotland PMI survey shows private sector business activity in Scotland rebounded in April, growing slightly. The expansion was driven by…

Glasgow-based private equity firm Maven Capital Partners said on Monday it has led an investment round alongside existing shareholders Par Equity and the Scottish Investment…

The Royal Bank of Scotland has appointed agents to sell its former London headquarters in the City of London, according to a report in Property…

East Kilbride-based Goals Soccer Centres plc said on Monday its CEO Andy Anson has tendered his resignation to take up the role of CEO at the…

UPDATE 2 — Aberdeen-based bus and rail giant FirstGroup said major shareholder Coast Capital, which holds 9.77% of FirstGroup, called for a general meeting and…

Real estate investment giant AEW has acquired the iconic former Scottish Stock Exchange building in Glasgow city centre from Aberdeen Standard Investments on behalf of…

Royal Bank of Scotland CEO Ross McEwan told an LBC radio show on Friday that RBS is considering two internal candidates to be the company’s…

CBI Director-General Carolyn Fairbairn stressed the importance of building a post-Brexit immigration system that works for Scotland at the business organisation’s annual lunch in Edinburgh…

Glasgow-based financial trading firm Beeks Financial Cloud Group said on Thursday it acquired Commercial Network Services (CNS), a US-based online service provider, for up to $1.4…

Aberdeen-based engineering and oil services giant Wood plc said on Thursday it secured a new contract worth up to $1 billion to provide engineering design services…

Project Heather, the organization working to launch a Scottish stock exchange later this year, has received another huge funding boost. Scottish Enterprise and Project Heather…

Perth-based bus and rail giant Stagecoach Group plc said it has started a legal action against the UK’s Department for Transport after it was disqualified…

Perth-based energy giant SSE is to cut 444 jobs in its retail business amid tough competition and the introduction of a cap on energy prices….

Shares of Aberdeen-based bus and rail giant FirstGroup plc have soared about 20% in the past month amid big changes on the firm’s board and…

Glasgow-based sausage skin and collagen products firm Devro announced the appointment of Steve Good as non-executive chairman from June 1, 2019.  Good will also chair the…

Glasgow-based packaging firm Macfarlane Group announced the acquisition of Ecopac (UK) Limited, a protective packaging distribution business based near Aylesbury, Buckinghamshire. “The acquisition is in…

The Scotch Whisky Association (SWA) said Scotland’s national drink has secured enhanced legal protection in South Korea after the SWA’s application to register “Scotch Whisky”…

Edinburgh-based investment giant Baillie Gifford has opened its first client office in mainland Europe — in Frankfurt — as part of plans for continued growth…

University of Dundee spinout firm Exscientia, which specializes in artificial intelligence (AI)-driven drug discovery, is considering an initial public offering (IPO) that would make its founders millions…

A new report shows one in 10 smaller businesses in Scotland is led by an immigrant entrepreneur and these firms contribute more than £13 billion…

Perth-based rail and bus giant Stagecoach said on Thursday it was disqualified from three UK rail franchise competitions because it was unwilling to take on…

Souter Investments — the family investment office of Stagecoach Group founder and chairman Brian Souter — said it reached an agreement to sell Mobius Life, a…

The Scottish Government has outlined an ambitious growth plan which will aim to increase the value of exports from 20% to 25% of Scotland’s GDP…

Shares of Glasgow-based engineering giant Weir Group fell 4% on Tuesday after it said its first-quarter orders — excluding recent acquisition ESCO –fell 7% “reflecting reduced…

Scotland’s salmon farming industry has reached a turnover of more than £1 billion, according to an economic impact report carried out for the Scottish Salmon…

A new report from the Scotch Whisky Association (SWA) shows the contribution of the Scotch industry to the UK economy has grown by 10% since…

The University of Glasgow said it is taking forward ambitious plans for a major investment in a new Clyde Waterfront Innovation Campus on the south…